What Do You Think? Stats vs Econometrics

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Discussion Overview

The discussion centers around the comparative value of a solid grounding in statistics versus a solid knowledge of econometrics, particularly in relation to job prospects and skill applicability in the workforce.

Discussion Character

  • Debate/contested

Main Points Raised

  • Some participants question the meaning of "useful" and suggest that its interpretation depends on context.
  • One participant proposes that a strong foundation in mathematics, statistics, and probability theory, followed by advanced studies in economics, may be beneficial.
  • Another participant emphasizes the importance of software and programming skills (e.g., SAS, R) and practical project experience for job prospects, suggesting that courses enhancing computing comfort may be more advantageous.

Areas of Agreement / Disagreement

Participants express differing views on what constitutes "usefulness" in skills for job prospects, indicating a lack of consensus on the relative importance of statistics versus econometrics.

agrocadabra
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Well what are your opinions? Would not having a solid grounding in statistics be more useful than a solid knowledge of the applications of econometrics?
 
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"useful" is meaningless. Useful for what?
 


I mean for job prospects which skill set would be more useful?
 


Do the following BA or BS in Math and take a lot of stat classes and probability theory. Also optimization. After do a MS or PhD in Economics.
 


For jobs they will be very interested in what software/programming skills you have (SAS ,R etc), projects you have worked on. Which ever courses let you become more comfortable with computing will be better job wise. Especially if you can link the skill with some database stuff.
 

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